Course Listing

Income Tax II

Course Description

Carry the application of federal law into other areas requiring special computations and applications in this continuation of Income Tax 1. Topics include business deduction, including depreciation as it applies to individuals, corporation and other entities; determining basis of property; calculating gain and determining the character of the gain or loss (capital vs. ordinary); special requirements of partnerships, regular and subchapter S corporations; tax research and personal and real property tax returns for manufacturers and non-manufacturers.